We explain how the Bank of Canada's policy models capture the trade-off between output and inflation in Canada. We start by briefly revisiting the determinants of the New Keynesian Phillips curve. Next, we provide an overview of the Phillips curves that are currently embedded in the two main...

We explain how the Bank of Canada's policy models capture the trade-off between output and inflation in Canada. We start by briefly revisiting the determinants of the New Keynesian Phillips curve. Next, we provide an overview of the Phillips curves that are currently embedded in the two main...

Starting in 1997, the Canadian province of Quebec implemented a $5 per day universal childcare policy for children aged less than 5 years old. This reform significantly increased mothers' participation in the labor market as well as the proportion of children attending subsidized childcare. In...

In this paper, we study the long-run impact of a universal child care policy in Quebec on parental health and parenting practices. Using data from the National Longitudinal Survey of Child and Youth, we follow treated families for more than 9 years and investigate the impact well beyond the...